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VENEZUELAN business leaders are backing socialist President Nicolas Maduro’s decision to scrap currency notes trafficked by gangsters from Colombia.
The government closed the border with Venezuela’s eastern neighbour on Monday to prevent money-launderers smuggling back warehouses full of 100 bolivar notes that they had bought for 120 per cent of face value — causing a massive cash shortage in Venezuela.
On Tuesday, bosses’ club the National Council of Productive Economy gave its support to the decision to replace the notes with coins and new larger-denomination bills.
Concessions to Washington by the post-Maduro leadership in Caracas are designed to preserve the core of the Bolivarian Revolution not betray it, argue Roger D Harris, Francisco Dominguez and Mara Paez Victor. How the solidarity movement responds is critical
International solidarity can ensure that Trump and his machine cannot prevail without a level of political and economic cost that he will not want to pay, argues CLAUDIA WEBBE
The global left must be unwavering in it is support for Venezuela as Washington increases its aggression, and clear-eyed about the West’s cynical motives for targeting it, says CLAUDIA WEBBE
US baseless accusations of drug trafficking and the outrageous putting of a bounty on a president of a sovereign country do not bode well, reports PABLO MERIGUET